Business

Incentives for Business in Uvalde

Uvalde is now a Federal Enterprise Community And Empowerment Zone, which means qualifying companies can receive up to $3,000/person in Federal Employment Tax Credits.

Uvalde has an active Economic Development Foundation and a $600,000 Revolving Loan Fund.

Uvalde has an unusually well developed airport for a small town. The airport is large and serves as a hub for three jet  renovation companies.

Uvalde has a junior college and university satellite campus.

Companies can save 50% of wages for the first 6 months. The Work Force Training Program will pay them for participating employees.

Approximately 2,000 Uvalde County residents are currently looking for a job, whether they are now unemployed or are looking for a new job.

The unemployment rate in Uvalde County is approximately 7.1-10%.

Southwest Texas Junior College and Sul Ross University offer a ready pool of employees via their students and graduates.

Flexibility in site design and built-to-suit options is available.

Resource assistance is provided to help secure financing

Tax abatements, on a case-by-case basis, from city and county are available.

Planned and protected environment

Abundant and well-managed natural resources

 

To learn more information about the  Empowerment Zone, please visit the Uvalde Area Development Foundation at www.uvaldeadf.com.

 

Some of the EZ information includes:

Tax Credits

Expensing

Bond Financing

Capital Gains

Eligible Businesses

"Qualified Business" Definition

Wage Credit Calculation

Welfare to Work Tax Credit

Employee--Credit Amount

Credit Procedures

Business Operational Requirements

Qualified Zone Property

Environmental Cleanup Deduction

A Tax-Exempt Bond Transition

Time Period for Meeting EZ Business Definition